Saga Petroleum

Saga Petroleum ASA
Company typePublic
IndustryOil and gas industry
Founded1972
Defunct1999
FateMerged with Norsk Hydro
SuccessorStatoil
Headquarters,
ProductsPetroleum
Number of employees
1,300 (1999)

Saga Petroleum ASA was a Norwegian upstream petroleum company established in 1972 that was acquired by Norsk Hydro in 1999. In October 2007 it was made part of Statoil. The company was the only fully private oil company in Norway. It had partial ownership of 60 oil field licenses and was operator of 18.[1] Saga had an international profile, including major operations on the British continental shelf as well as minor operations in Angola, Indonesia, Libya and Namibia.[2]